Day: September 30, 2020

Blockchain Bites: Coinbase’s Severance Offer, DeFi’s Latest Fund, Overstock’s Legal Win

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Coinbase will offer non-aligned employees a severance package, Kadena looks to cut into the DeFi market with a new decentralized exchange and Sushiswap is hemorrhaging liquidity.  Top shelf Severance offerCoinbase CEO Brian Armstrong sent his employees a letter telling them to get in line with a new company “culture shift,” offering those unwilling to do so a “generous separation package.” CoinDesk has obtained a copy of the letter. The package includes four months’ severance for employees who have been at the exchange less than three years or six months for longer-term employees.…

This Pattern Suggests Bitcoin’s Price is About to “Blast Off” to New Local Highs

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Bitcoin and the entire crypto market have witnessed dwindling volatility throughout the past few days and weeks, with both buyers and sellers being unable to gain control of the crypto’s near-term outlook. The benchmark cryptocurrency has been caught within a bout of sideways trading throughout the past few weeks, with buyers establishing support at $10,200 while sellers continue guarding the region between $11,000 and $11,200. The lack of momentum caused by the buying and selling pressure at these levels has led to the formation of an even tighter trading range,…

Bitcoin News Roundup for Sept. 30, 2020

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With bitcoin trading in an unusually tight range and DeFi darling SushiSwap suffering shrinkage, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Chainlink’s LINK has been the worst-performing digital asset in September in the CoinDesk 20, during an ugly month across cryptocurrency markets. Uniswap challenger SushiSwap is continue to lose vital liquidity, with total value locked falling by 8% in the past 24 hours. Hundreds of thousands of euros may have been supplied through a secret network benefiting al-Qaida-linked extremists in northwestern Syria. On Sunday, Ocean Protocol…

Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange

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The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create and deploy debt securities, funds, and equities as ‘smart securities’ in tokenised form”. GSX is the parent company of the Gibraltar Stock Exchange. According to the exchange, the newly listed fund tracks the price of bitcoin by using a special index feed, which…

BuySellVouchers Indirectly Gives the Opportunity To Shop in the Popular Retail Chains With Bitcoin

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It is looking like good times in the retail industry as BuySellVouchers gives a solution that allows users of the platform to shop in the most popular retail chains with cryptocurrency. The innovative solution from one of the leading online marketplaces for digital goods allows shoppers to purchase gift cards of major retail shops using different digital currencies. The emergence of digital currency has practically disrupted the financial system, with its unique features and benefits endearing it to millions of people across the globe. While the retail industry has evolved…

VeChain Wants Developers to Migrate NFT Projects to VeChainThor

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Non-fungible tokens (NFTs) are vying for a bigger slice of the crypto pie. In recognition of this, the VeChain Foundation promotes its platform as the best place for developers to build their NFT projects. They claim VeChain was one of the original pioneers of NFTs. What’s more, purpose-built NFT toolsets and grants are available for those interested in porting over. “Our blockchain offers a secure, high-speed, and stable protocol coupled with features to remove the complexities of blockchain and comprehensive support to applications with real value. Foundation Grants are also…

‘Great Artists Steal’ – What Enterprise Blockchain Can Learn From the Past

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For as long as there have been computers in enterprises, there have been people working on how to make machine-to-machine commerce a reality. While the world of blockchain is only now embracing smart contracts for enterprise usage, programmable, machine-to-machine commerce has been around since the 1970s. I started thinking about the power and value of this very old ecosystem when I was asked a question by a member of the EY developer team: What data should go in a blockchain purchase order token? The answer is already out there. It’s…

General Motors Should Demand a Better Deal From Nikola. Or Walk

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A wave of scandals has hit Nikola this month. GM is the latest Nikola partner to delay closing a deal. Nikola shares are down over 80% from their June record high. In the good old days when the most controversial thing about Nikola was the lack of revenues, the energy vehicle startup touted the deals it had struck with major companies as a testament to its bright future. Now some of those companies are stalling on closing their agreements. Last week, it was supermajor BP. Now, it is General Motors’…

Cred and Algorand to Bridge Decentralized Finance and Traditional Financial Services With New Earning Capabilities

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Place/Date: San Francisco – September 30th, 2020 at 2:26 pm UTC · 3 min read Contact: Cred, Source: Cred Photo: Cred Cred, a licensed California-based lender and a leader in crypto backed lending and borrowing services, and Algorand, the world’s first open source, permissionless, pure proof-of-stake blockchain, today announced several strategic initiatives to advance decentralized financial services for the Algorand community. With a strategic investment in Cred by Borderless Capital, Cred is poised to amplify its offerings on Algorand and support new product development designed to provide customers with significant…